Trump’s Tariffs turns Ripple’s XRP into Tomato Paste
Ripple's XRP is down 8% as it struggles to maintain the $2 support level.
Live XRP/USD Chart
Ripple’s XRP is down 8% for the day as it struggles to maintain the $2 support level.
XRP may find support close to the lower edge of the descending channel if bearish pressure continues and can’t maintain the $2 critical level.
Ripple-based tokens must maintain a prolonged move above the upper boundary ($2.2) to reverse bearish sentiments
XRP’s exponential moving average lines are aligned in a bearish manner, with shorter-term lines below longer-term ones.
XRP might fall around the $1.8 support line, if the $2 mark is broken, marking the first time it has dropped below $2 since November 2024.
There were fewer XRP Active Addresses than there had been since November 2024. This metric is significant because it gauges network activity and user engagement.
A fall suggests diminished interest and pessimistic sentiment while a rise signifies increasing participation and possible buying pressure. XRP’s bearish momentum was exacerbated by the steep weak appetite for risk, highlighting waning investor interest.
The remittance token has been trading below $3 for almost a month, indicating a correction phase.
However, if the SEC withdraws its lawsuit against XRP, there may be a reversal, leading to a rally toward significant resistance levels. On-chain data showed whales were suppressing the selling pressure from short-term holders since the recent crash in the crypto market.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals